The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-09-08
CONDITION OF THE MARKETS
Wheat Opens Quiet and Steady, but
Later Becomes Heavy and Weak.
Corn FL uctuates Frequently, Closing at the
Lowest Figures of the Day. and the Same
Story Is Told of 0ats-Pork Higher.
MONEY, BONDS AND STOCKS.

A Feverish and Irregular Market, Almost Ev-
erythtne Being Lower
NEW YORK, Sept Mooney call easy;
was active at to per cent, the last loan being
made at Al. closing offered at4.
Prime mercantile paper, a9 per cent
Sterling exchange was dull and steady at "a. 79a
"A so for sxsy-day bills and 81 s33 a. 81 for de-
mand
The total sales of stocks to-day were $40, 921
shares. including the following: Canada South
ern. 5. $50; Delaware, Lackawanna 81 Western,
1890; Erie. IA 145 Lake Shore $3.50; Louisville
q Nashville. 9, $50; Missouri Pacific. 7415 North
western, G, leo: Northern Pacific preferred. g.
500; Oregon Transcontinental, $500; Reading,
102 TO- ST. Paul, 10, 300; Texas Pacific 3, $50: Un
ion Pacific. g. $50; Western Union, A, $780, " heel
ling & Lake Erie. 5,61o.
The stock market to-day was feverish and ir-
regular throughout, with tho general tendency
at first in the direction of higher figures but de-
cided weakness developed before the close.
There was no pressure of "lone" stock. but the
s'bear" clique, by the persistent circulation of
nnfavorable rumors. aggravated the feeling Of
uncertainty which again appeared in the market
Stories of n hitch in the Baltimore g. Ohio deal
and of the unsettled condition of rates in the
Southwest were of the most influence, and were
supplemented by the rejection of all offers OF
On the other hand, an assertion that
the passengers rate war in the North
west had como to an end had a
stimulating effect in the forenoon. though lack
of confirmation neutralized ii later. Among
the active stocks most pressure WAS brought
against Reading, Western Union, New England
and Canada Southern, though the frmness of
the Vauderbiits was a special feature of the
forenoon's business. The traders again
ranged upon the side of lower price, and their
efforts were of material effect in bringing about
the declines, established. The market vibrated
quickly all day long between activity and de-
ding was decidedly weak. and while the general
list was down from to per cent. from yester-
days final figures. Missouri Pacific and Canada
Southern were exceptional. with declines of 1t
and H. respectively. the market COM
paratyely weak and prices sagged slowly
In the early dealings, Manhattan and Read
ing showing most weakness. The losses were
regained by noon, however, with fractions in
addition, the market showing animation
the rise, which was led by New England
The ad vance culmin Ated by noon, after which
stagnation was the feature for the space of near
~ two hours, with general sagging tendency
TO prices. Decided weakness was developed in
the last hour, however, and the lowest prices
were reached shortly before the close, which
active and heavy. Almost everything is
decidedly lower and Canada Southern is down
q; Reading, 2s; Norfolk & Western preferred,
IL; Missouri Pacific, Il; Jersey Central, Colo
RADIO Coal Lake Shore, Northern Pacific pre-
ferred, Omaha, and Richmond 81 West Point,
II; St Paul and Louisville & Nashville, III
Union Pacific, l.
Railroad bonds sympathized closely with
stocks. The market was dull throughout. Sales.
scented lost 3. at 654 Baltimore & Ohio Park
ersburg SKIES, rose q to l25; Northwestern
debentures. 3, to 108 and Mutual Union skies
"a, to $751;
Government bonds were dull and steady.
State bonds were neglected. Closing quota
tions were: